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Accelerate Property Fund is a Real Estate Investment Trust listed on the Johannesburg Stock Exchange offering investors the opportunity to share in a portfolio of 62 high quality properties worth R12.7 billion in South Africa and Europe.

The Fund was listed on the Johannesburg Stock Exchange (APF) in December 2013. It is headquartered in Fourways, Johannesburg.

Who we are

Accelerate Property Fund aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants.

The Fund owns several properties in Fourways, including the super-regional Fourways Mall, Cedar Square, The Buzz, Waterford, BMW Fourways, and the Leaping Frog Centre.

It also owns the Oceana Building, the Mustek building, the Thomas Pattullo building and Portside building on the Cape Town Foreshore as well as the majority of properties in Charles Crescent, Sandton.

Accelerate’s European portfolio predominantly comprises single-tenant properties in Austria and Slovakia.

The fund listed on the Johannesburg Stock Exchange (share code: APF) in December 2013. It is headquartered in Fourways, Johannesburg

What we do

Accelerate Property Fund focuses on:
• key strategic nodes;
• redeveloping and upgrading properties to enhance their value;
• delivering on tenants’ expectations; and
• maintaining tight control over property expenses to deliver exceptional value for shareholders.

The fund acquires, develops and leases premium sites in commercial, industrial and retail sectors. The retail sector (including offshore) comprises 68% of its property portfolio by revenue.

GROUP PROFILE

Accelerate holds a high-quality property portfolio across South Africa and Europe and is listed on the JSE.

Listing Date

12 December 2013

Geographic Spread

based on gross lettable area (GLA)

South Africa – 89%
Austria – 6,8%
Slovakia – 4,2%

Portfolio Spread

26 retail properties
9 European retail properties

20 office properties
7 industrial properties

Strategic Nodes

Fourways: Johannesburg
Charles Crescent: Johannesburg
Foreshore: Cape Town
George: Western Cape

Escalations

Average of 7,4%
(Excluding our offshore portfolio)

Weighted Average Lease Expiry

5,3 years

Tenant Profile

by revenue: A B C

A: Large national tenants and large listed tenants. 65.7%
B: National tenants, listed tenants, franchises and medium to large professional firms. 11.5%
C: Other, smaller non-listed and non-franchised businesses mainly owner-operated. 22.8%

* All statistics as per Integrated Annual Report 2019

Property Management

Accelerate Property Fund’s assets are managed by a Property Management company. The team has been put together to ensure the best skills and services are available for the tenants and buildings alike.

Property Management Functions

Property management services include the following functions:

  • Portfolio Management
  • Leasing
  • Marketing
  • Operations (administration, collections and maintenance)
  • Finance
  • Legal
  • Facilities
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